According to the latest report by IMARC Group, titled, “Beta Glucan Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The global beta glucan market size reached US$ 477.0 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 729.9 Million by 2028, exhibiting a growth rate (CAGR) of 7.64% during 2023-2028.
Beta-glucan refers to soluble fibers that occur naturally in bacteria, fungi, yeasts, and grains, such as oats and barley. It helps in reducing cholesterol and controlling blood sugar levels. It has anti-cancer properties and aid in strengthening the immune system and supporting wound healing. It is widely used as a dietary supplement in capsule and tablet form and added to different food products and beverages as a functional ingredient.
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Beta Glucan Market Trends and Drivers:
At present, the rising health consciousness among people and their consequent focus on improving the overall health and wellness is catalyzing the demand for functional foods and dietary supplements. This, in confluence with the increasing prevalence of chronic disease and the rising demand for beta-glucans due to their immune-boosting properties, represents one of the key factors positively influencing the market across the globe. Apart from this, the increasing adoption of beta-glucan in animal feeds for improving growth performance is contributing to the market growth. In addition, beta-glucan is widely utilized in skin care products as a soothing agent and considered an excellent ingredient for minimizing redness and other signs of sensitive skin. In line with this, technological advancements in extraction and processing methods is contributing in more cost-effective beta-glucan-based skin care products. Furthermore, the easy availability of these products through online and offline distribution channels is stimulating the growth of the market worldwide.
Beta Glucan Market 2023-2028 Competitive Analysis and Segmentation:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
- American International Chemical LLC (LeBaronBrown Industries LLC)
- Beta Bio Technology Sp Z O O
- Ceapro Inc.
- Garuda International Inc.
- Kemin Industries Inc.
- Kerry Group plc
- Koninklijke DSM N.V.
- Lallemand Inc.
- Super Beta Glucan Inc.
- Tate & Lyle plc
- Van Wankum Ingredients.
The report has segmented the market based on type, source and industry vertical.
Breakup by Type:
Breakup by Source:
Breakup by Industry Vertical:
- Animal Feed
- Personal Care and Cosmetics
Breakup by Region:
- North America
- Latin America
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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